Oil & Gas Prices

Congresswoman Michele Bachmann (R-Minn.) caused quite a stir last week when she said if elected president she would bring back $2/gallon gasoline prices. On CNN's "Reliable Sources" Sunday, New York Times columnist Tom Friedman - without supplying any economic data to support his claim - called Bachmann's pledge "flat out nuts" (video follows with transcript and commentary):

As NewsBusters has been reporting, the Obama-loving media have largely been gushing and fawning over the current White House resident taking a vacation on Martha's Vineyard as the economy appears to be heading into a double-dip recession. Giving an interesting insight into the President's decision to not call Congress back from its summer break to tackle the problems facing the nation was New…

As NewsBusters reported, MSNBC's Chris Matthews on Wednesday took some poorly-researched cheap shots at conservative talk radio host Rush Limbaugh. Limbaugh responded Thursday explaining that this is borne of frustration over the failure of Barack Obama noting, "The Chris Matthewses and the media are very close to the rioters in London in terms of anger, disappointment" (video follows with…

The AP's coverage of the U.S. economy late Friday focused on high gas prices as the dominant, uh, driver of this year's anemic growth both visually and in its text. As will be seen after the jump, the graphic at the AP's national site is of a gas price sign. The final sentence in the caption of the full-size version reads "High gas prices and scant income gains forced Americans to sharply…

New York Times Public Editor Arthur Brisbane gave a dressing down to reporter Ian Urbina’s heavily criticized recent Sunday front-page article on natural gas extraction, “Insiders Sound an Alarm Amid a Natural Gas Rush,” in his Sunday column, “Clashing Views on the Future of Natural Gas.” The benign headline concealed a reasonably incisive critique, accusing Urbina of making unsubstantiated…

Speaking just for myself, I think that President Obama tapping into America's strategic oil reserve was an extremely unwise and dangerous move. They can say that he didn't do it for political purposes, but until the cows come home and set up housekeeping, I still won't believe it.

New York Times reporters Danny Hakim and Nicholas Confessore filed another in a series of front-page stories Friday  revolving around the natural gas industry, especially the “fracking” process by which natural gas is obtained from shale and is opposed by liberal environmentalists. This time the scene is the paper’s own backyard: “Cuomo Moving To End a Freeze On Gas Drilling.” The Cuomo…

It is said that there are no atheists in foxholes. In that context, the recent rise in oil prices seems to have turned the Obama administration into true believers (at least rhetorically) when it comes to the best method to keep gas prices down and the American economy growing. With oil at more than $100 a barrel, the White House announced last week that it was going to increase oil supply by…

The front page of Wednesday’s National section of the New York Times featured the suddenly ubiquitous Ian Urbina advancing the paper’s agenda against the natural gas industry, as he’s been doing all week: “Lawmakers Seek Inquiry Of Natural Gas Industry.” Luckily for the Times, it found a few liberal Democrats to keep the story going by calling for an investigation into industry practices.…

For a paper so eager to wean us off “our addiction to foreign oil,” the New York Times is pretty squeamish when it comes to the actual alternatives. Ian Urbina’s Sunday lead story was the paper's latest attack on the natural gas industry, “Insiders Sound an Alarm Amid a Natural Gas Rush – Productivity of Shale Wells Is a Concern – Investor Flood Spurs Talk of Bubble.” That was followed by…

In typical Obamanomics fashion, the tax code is being used as a conniving way to promote favored activities and discourage others, in this case, punishing a small handful of profitable big oil companies by forcing a different set of tax laws only on them and not across the board. The Washington Examiner's Tim Carney explains the flawed policy of a bill that would raise taxes on Exxon, Chevron…

It seems these days Bill Maher puts his foot in his mouth virtually every time he's in front of a camera. On Friday's "Real Time," the holier than thou host actually said liberals never talk about nationalizing the oil industry minutes before calling former Alaska governor Sarah Palin and Congresswoman Michele Bachmann (R-Minn.) a couple of "crazy" "know nothings" "who both get their…

For years America's media have been enthralled by anything that supports the theory that carbon dioxide is warming the planet leading to an imminent cataclysm if governments don't regulate this partially man-made gas. By contrast, reports that might undermine CO2's importance in global warming, like the following released Tuesday by the AAS Solar Physics Division in Las Cruces, New Mexico,…

Early Tuesday morning, David Shepardson and Christina Rogers at the Detroit News ("GM's Akerson pushing for higher gas taxes") reported that General/Multi-Government Motors CEO Dan Akerson "wants the federal gas tax boosted as much as $1 a gallon to nudge consumers toward more fuel-efficient cars." Later in the interview, Akerson was much more emphatic about what he would like to see done…